Global Speech Analytics Market Report to 2029 - Increasing use of Speech Analytics in the Healthcare Sector Presents Opportunities - ResearchAndMarkets.com

The "Speech Analytics Market by Component, Application, Organization Size, Deployment Mode, End-use Industry - Global Forecast to 2029" report has been added to ResearchAndMarkets.com's offering.

The global speech analytics market is expected to reach $14.1 billion by 2029, at a CAGR of 20.1% during the forecast period of 2022 to 2029.

The growth of this market is mainly attributed to the growing number of fraudulent activities, the increasing need to automate regulatory compliance processes, and the rising need for faster transactions. The study offers a comprehensive analysis of the global speech analytics market by component, application, organization size, deployment mode, end-use industry, and geography.

Key questions answered in the report

• Which are the high-growth market segments in terms of the components, applications, technologies, organization size, deployment mode, and end-use industry?
• What is the historical market for speech analytics across the globe?
• What are the market forecasts and estimates for the period of 2022-2029?
• What are the major drivers, restraints, and opportunities in the global speech analytics market?
• Who are the major players in the global speech analytics market and what share of the market do they hold?
• Who are the major players in various countries and what share of the market do they hold?
• How is the competitive landscape?
• What are the recent developments in the global speech analytics market?
• What are the different strategies adopted by the major players in the global speech analytics market?
• What are the geographical trends and high-growth countries?
• Who are the local emerging players in the global speech analytics market and how do they compete with the other players?

Market Dynamics

Drivers

• Surge in Demand for Speech Analytics to Improve Call Center Operations
• Emergence of Speech Analytics to Enhance Fraud Detection
• Increased Demand for Speech-based Biometric Systems

Restraints

• Concerns Regarding Data Privacy and Security

Opportunities

• Increasing use of Speech Analytics in the Healthcare Sector
• Growing Demand for Cloud-based Speech Analytics Solutions to Boost Customer Retention

Challenges

• Limited Use Cases of Real-time Speech Analytics

Market Trends

• Increased Use of Speech Analytics Solutions Since the COVID-19 Pandemic

Companies Mentioned

• NICE Ltd. (Israel)
• Verint Systems Inc. (U.S.)
• CallMiner Inc. (U.S.)
• Genesys Cloud Services Inc. (U.S.)
• Avaya Holdings Corp. (U.S.)
• Audio Analytic Ltd. (U.K.)
• Calabrio Inc. (U.S.)
• Batvoice Technologies (France)
• Qualtrics LLC (U.S.)
• Dialpad Inc. (U.S.)
• WinterLight Labs (Canada)
• The Plum Group Inc. (U.S.)
• Aural Analytics Inc (U.S.)
• Amazon.com Inc. (U.S.)
• Uniphore Technologies Inc. (India)
• Intelligent Voice Ltd (U.K.)
• Kwantics (India)
• Gnani Innovations Private Limited (India)
• SAS Institute Inc. (U.S.).

Scope of the Report

Speech Analytics Market, by Component

• Solutions
• Call Center Software
• Reporting and Visualization Tools
• Quality Assurance and Monitoring Solutions
• Enterprise Performance Management Solutions
• Customer Experience Solutions
• Customer Engagement Solutions
• Other Solutions
• Services
• Professional Services
• Managed Services

Speech Analytics Market, by Application

• Customer Experience Management
• Call Monitoring and Summarization
• Sales & Marketing Management
• Risk & Compliance Management
• Sentiment Analysis
• Fraud Detection and Security Applications
• Other Applications

Speech Analytics Market, by Organization Size

• Small & Medium-sized Enterprises
• Large Enterprises

Speech Analytics Market, by Deployment Mode

• On-premise Deployment
• Cloud-based Deployment

Speech Analytics Market, by End-use Industry

• IT & Telecommunications
• BFSI
• Retail & Consumer Goods
• Healthcare & Life Sciences
• Government & Public Sector
• Travel & Hospitality
• Media & Entertainment
• Business Process Outsourcing
• Education
• Other End-use Industries

Speech Analytics Market, by Geography

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Italy
• Spain
• Netherland
• Switzerland
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• South Korea
• Singapore
• Rest of Asia-Pacific
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• UAE
• Israel
• Rest of Middle East & Africa

For more information about this report visit https://www.researchandmarkets.com/r/t2geke-analytics?w=4

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View source version on businesswire.com: https://www.businesswire.com/news/home/20230208005469/en/